Industrial production rises 6.2%
Turkey’s calendar-adjusted ndustrial production rose 6.2 percent year-on-year in April, the Turkish Statistical Institute (TurkStat) announced on June 13. Industrial output is considered a vital indicator for the economy as it is seen as a preliminary gauge for ross domestic product (GDP). Among three main sub-indices, the mining and quarrying index saw the highest annual increase in the month, up 10.1 percent compared to the same month last year. The manufacturing index went up 6.3 percent while the electricity, gas, steam and air conditioning supply index rose 3.8 percent during the same period. TurkStat said that industrial output also rose on a monthly basis in April by 0.9 percent.